Effective November 26th 2024,CBG Discontinues Foreign Exchange Activities
Consolidated Bank Ghana (CBG) is facing a temporary suspension of its foreign exchange trading license by the Bank of Ghana (BoG) starting November 26, 2024. This decision was made in accordance with Section 11(2) of the Foreign Exchange Act 2006 (Act 723) due to multiple breaches of forex exchange market regulations by CBG . However,…